Health & Protection in Cayman Islands

The Cayman Islands may be a small country, but as a British Overseas Territory, it’s more advanced than most people would think, in fact, Cayman Island’s Health City is world renowned for its excellent medical facilities and specialities. Before you move in, however, it’s best to take a look at your options when it comes to the health and protection of your family, as public healthcare and social services are only available to permanent residents and citizens in the country. Talk to you Human Resources department or to some fellow colleagues. There are several options to secure your expat life and experiences in the Cayman Islands, let us help you find ways to get coverage for your new life.

Getting Insurance

Before moving to the Cayman Islands, make sure that you and your family are completely covered. There are several local and international insurance company that offer all kinds of coverage in the country. You may also talk to your employer if insurance coverage can be put in your expat contract as a part of your package. If not, then ask about employment insurance coverage that can be paid for by employers through a local or international insurance broker. Insurance policies are regulated by the Cayman Islands Monetary Authority (CIMA). Make sure you have your policies checked out and your insurance company approved by CIMA before you sign up for your plans.

You can sign up for local or international insurance products by going on company websites, sending an email, or calling their offices directly. It’s best to set up your insurance policies before you move to the country so you can make sure that you’re fully covered as soon as you arrive.

Importance of Insurance

Underestimating the cost for emergencies is a risk that you don’t want to take when you live abroad, especially if you’re moving with your family. Insurance products can help safeguard your money and your lifestyle through the proper insurance policies while you’re living in the Cayman Islands.

Moving to a different country also means there are other risks that you may not have in your home country. In the Cayman Islands for example, most general insurance coverages have maritime insurance that can be claimed for any emergencies that can happen in the sea. Your insurance coverage adapts to your lifestyle in a way that you don’t even realise, and therefore may not be prepared for when the need arises. Having the proper insurance coverage for your life overseas is the best way to arm yourself and your family with enough protection to enjoy your experiences abroad to the fullest.

Local Insurance in Cayman Islands

There are local insurance companies for general insurance such as home, property, car, and in this country’s case, maritime insurance. Companies such as Cayman First and Saxon Insurance can offer local coverage for general insurance.

Despite the efficiency of local insurance in the country, expats are still advised to get international coverage as expat insurance products tend to have a wider range of coverage as well as specialised services for the expat life. International insurance companies also give you more security and stability because of their multinational presence and larger financial reach.